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The Coming Super Grid Build-Out

The U.S. government is finally getting serious about upgrading the country’s crucial energy and electric infrastructure.

A new first-of-its-kind report, known as the Quadrennial Energy Review, issued by a White House task force in late April, has identified the need to spend billions on replacing aging gas pipelines and modernizing the power grid.

The sheer magnitude of the spending required should boost regulated gas and electric utilities’ earnings since they’re essentially guaranteed a rate of return on such investments. And higher earnings not only lead to share-price appreciation, they also eventually flow through to the dividend.

Read full article at Investing Daily